This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
521 Colony Rd
Madison Heights, VA 24572
Former CVTC Campus · Land For Sale
·
386.00 AC
INVESTMENT HIGHLIGHTS
- Comprehensive Plan calls for mixed-use development
- Approximately 90 structures; 900,000+ SF
- Opportunity Zone
- 3,800'+ of James River Waterfront
- Electricity, water, sewer and natural gas on-site
PROPERTY FACTS
DESCRIPTION
The 386-acre redevelopment site in Amherst County, Virginia, boasts over 3,800 feet of frontage along the James River and offers scenic views of downtown Lynchburg. Originally established in 1910, this property formerly housed the Central Virginia Training Center, a state-run residential mental health facility that ceased operations in 2020. The campus currently features around 90 structures, constructed between 1912 and 1989, encompassing over 900,000 square feet with various uses and conditions. Some buildings and surrounding areas may be ideal for adaptive reuse, potentially qualifying for historic tax credits, while others may need to be demolished for new development. The Virginia General Assembly has stipulated that a Certificate of Public Need must be approved for a 90-bed nursing home facility if included in the redevelopment plans. To unlock the site's economic potential, the seller is soliciting master development proposals. Local government is highly supportive of redevelopment, with comprehensive studies and guidance outlined in the Amherst County Comprehensive Plan, which envisions over 1,400 residential units and 380,000 square feet of commercial space.
